Ravi Rathore, a 31-year-old software engineer from Bengaluru, has been arrested for allegedly running a massive online trading scam that defrauded investors of nearly ₹100 crore (approximately $12 million USD) across India. The scheme, which came to light after a complaint was filed in Delhi, involved a fake trading mobile application that promised guaranteed returns on stock market investments. Victims were lured into investing money, only to be met with fabricated profits and requests for additional funds under various pretexts.

The Delhi Police tracked Rathore through digital surveillance and arrested him on May 3, 2023. During the operation, they seized laptops, mobile phones, and an SUV allegedly purchased with the proceeds of the scam. Investigators revealed that Rathore, who had previously worked with international software firms, developed and maintained the fraudulent app while managing fake credentials and manipulated reviews to enhance its legitimacy. His associates, Sudama and Vikash Rathod, were also arrested for their roles in the operation, which included running a call center that targeted potential investors.

The investigation is ongoing, with police focusing on identifying all victims, tracing the money trail, and analyzing the digital infrastructure used in the scam. Authorities believe that this fraudulent operation may be part of a larger network involved in similar cyber crimes across multiple states.